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The differences between development vice presidents and vice presidents, business development can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a development vice president, becoming a vice president, business development takes usually requires More than 10 years. Additionally, a vice president, business development has an average salary of $165,159, which is higher than the $156,085 average annual salary of a development vice president.
The top three skills for a development vice president include business development, java and development finance. The most important skills for a vice president, business development are healthcare, business strategy, and revenue growth.
| Development Vice President | Vice President, Business Development | |
| Yearly Salary | $156,085 | $165,159 |
| Hourly rate | $75.04 | $79.40 |
| Growth Rate | 7% | 6% |
| Number Of Jobs | 94,188 | 188,137 |
| Job Satisfaction | - | 5 |
| Most Common Degree | Bachelor's Degree, 74% | Bachelor's Degree, 73% |
| Average Age | 45 | 52 |
| Years Of Experience | 4 | - |
A development vice president is in charge of overseeing the operations in a company, ensuring a smooth workflow and efficient workforce. Their responsibilities revolve around creating strategies to develop optimal procedures and services, setting goals and sales targets, identifying the strengths and weaknesses of operations to spearhead improvements, coordinating with analysts and marketing experts to assess the market and consumer needs, and monitoring the progress of different projects. Furthermore, as a development vice president, it is essential to implement the policies and regulations, creating new ones as needed.
A vice president of business development is an individual who leads in the execution of business plans and provides new business strategies for an organization. Vice presidents of business development closely work with a team of salespeople, management, and lower-level employees to secure contracts with new customers and manage ongoing agreements. They often travel to participate in business conferences and meetings with vendors and suppliers. Vice presidents of business development must also possess a bachelor's degree in business administration or marketing.
Development vice presidents and vice presidents, business development have different pay scales, as shown below.
| Development Vice President | Vice President, Business Development | |
| Average Salary | $156,085 | $165,159 |
| Salary Range | Between $103,000 And $235,000 | Between $104,000 And $262,000 |
| Highest Paying City | Portland, OR | Seattle, WA |
| Highest Paying State | Oregon | Washington |
| Best Paying Company | Mall of America | Fanatics |
| Best Paying Industry | Hospitality | Manufacturing |
There are a few differences between a development vice president and a vice president, business development in terms of educational background:
| Development Vice President | Vice President, Business Development | |
| Most Common Degree | Bachelor's Degree, 74% | Bachelor's Degree, 73% |
| Most Common Major | Business | Business |
| Most Common College | Northwestern University | University of Pennsylvania |
Here are the differences between development vice presidents' and vice presidents, business development' demographics:
| Development Vice President | Vice President, Business Development | |
| Average Age | 45 | 52 |
| Gender Ratio | Male, 67.0% Female, 33.0% | Male, 81.3% Female, 18.7% |
| Race Ratio | Black or African American, 11.2% Unknown, 5.5% Hispanic or Latino, 15.7% Asian, 4.4% White, 62.7% American Indian and Alaska Native, 0.5% | Black or African American, 3.8% Unknown, 3.9% Hispanic or Latino, 7.9% Asian, 7.7% White, 76.1% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 18% | 12% |